Common use of Access to Information; Cooperation Clause in Contracts

Access to Information; Cooperation. (a) Except as may be necessary to comply with any Applicable Laws (including the NISPOM or any Export Control Laws) and subject to (x) any applicable privileges (including the attorney-client privilege), (y) this Section 5.02 and (z) the terms and conditions of any confidentiality or similar agreements between Parent or any of its Subsidiaries and a third party, including customers, vendors and subcontractors, from and after the Distribution Date, Parent shall, and shall cause the other Parent Companies to: (i) afford Spinco and its Representatives reasonable access upon reasonable prior notice during normal business hours, to all employees, offices, properties, agreements, Government Contracts, Government Bids, records, books and affairs of Parent Companies, to the extent relating to the conduct of the Spinco Business prior to the Distribution Effective Time, and provide copies of such information as Spinco may reasonably request for any proper purpose, including in connection with (A) any judicial, quasi-judicial, administrative, audit or arbitration proceeding, (B) the preparation of any financial statements or reports and (C) the defense or pursuit of any claims, allegations or actions that relate to or may relate to any Transferred Assets, Assumed Liabilities or Indemnified Claims; and (ii) use reasonable best efforts to cooperate in the defense or pursuit of any Transferred Asset or Assumed Liability or any claim or action that relates to occurrences involving the Spinco Business prior to the Distribution Date; provided that Spinco shall reimburse Parent Companies for any reasonable out-of-pocket expenses (including fees and expenses of attorneys, accountants and other agents or representatives) incurred by Parent Companies in connection with any such defense, claim or action. Spinco agrees to treat and hold as confidential all information provided or otherwise made available to it or any of its Representatives under this Section 5.02 in accordance with the provisions of Section 5.04(a).

Appears in 2 contracts

Samples: Separation Agreement, Separation Agreement (Lockheed Martin Corp)

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Access to Information; Cooperation. (a) Except as may be necessary to comply with any Applicable Laws (including the NISPOM or any Export Control Laws) and subject to (x) any applicable privileges (including the attorney-client privilege), (y) this Section 5.02 and (z) the terms and conditions of any confidentiality or similar agreements between Parent GPC or any of its Subsidiaries and a third party, including customers, vendors and subcontractorsdistributors, from and after the Distribution Date, Parent GPC shall, and shall cause the other Parent GPC Companies to: (i) afford Spinco SpinCo and its Representatives reasonable access upon reasonable prior notice during normal business hours, to all employees, offices, properties, agreements, Government Contracts, Government Bids, records, books and affairs of Parent GPC Companies, to the extent relating to the conduct of the Spinco SpinCo Business prior to the Distribution Effective Time, and provide copies of such information relating to the SpinCo Companies or the SpinCo Business as Spinco SpinCo may reasonably request for any proper purpose, including in connection with (A) any judicial, quasi-judicial, administrative, audit or arbitration proceeding, (B) the preparation of any financial statements or reports and (C) the defense or pursuit of any claims, allegations or actions that relate to or may relate to any the Transferred Assets, Assumed Liabilities the SpinCo Companies or Indemnified Claimsthe SpinCo Business; and (ii) use reasonable best efforts to cooperate in the defense or pursuit of any Transferred Asset or Assumed Liability or any claim or action that relates to occurrences involving the Spinco Transferred Assets, the SpinCo Companies or the SpinCo Business prior to the Distribution Date; provided that Spinco SpinCo shall reimburse Parent GPC Companies for any reasonable out-of-pocket expenses (including fees and expenses of attorneys, accountants and other agents or representatives) incurred by Parent GPC Companies in connection with any such defense, claim or action. Spinco SpinCo agrees to treat and hold as confidential all information provided or otherwise made available to it or any of its Representatives under this Section 5.02 in accordance with the provisions of Section 5.04(a); provided, further, that if any applicable privilege or the terms and conditions of any confidentiality or similar agreement restrict the GPC Companies’ ability to make any such information available to SpinCo or its Representatives, the Parties shall use their reasonable best efforts to cause such information to be provided in a manner that would not jeopardize such privilege or violate such agreement.

Appears in 1 contract

Samples: Separation Agreement (Essendant Inc)

Access to Information; Cooperation. (a) Except a)Except as may be necessary to comply with any Applicable Laws (including the NISPOM or any Export Control Laws) and subject to (x) any applicable privileges (including the attorney-client privilege), (y) this Section 5.02 and (z) the terms and conditions of any confidentiality or similar agreements between Parent GPC or any of its Subsidiaries and a third party, including customers, vendors and subcontractorsdistributors, from and after the Distribution Date, Parent GPC shall, and shall cause the other Parent GPC Companies to: (i) afford Spinco SpinCo and its Representatives reasonable access upon reasonable prior notice during normal business hours, to all employees, offices, properties, agreements, Government Contracts, Government Bids, records, books and affairs of Parent GPC Companies, to the extent relating to the conduct of the Spinco SpinCo Business prior to the Distribution Effective Time, and provide copies of such information relating to the SpinCo Companies or the SpinCo Business as Spinco SpinCo may reasonably request for any proper purpose, including in connection with (A) any judicial, quasi-judicial, administrative, audit or arbitration proceeding, (B) the preparation of any financial statements or reports and (C) the defense or pursuit of any claims, allegations or actions that relate to or may relate to any the Transferred Assets, Assumed Liabilities the SpinCo Companies or Indemnified Claimsthe SpinCo Business; and (ii) use reasonable best efforts to cooperate in the defense or pursuit of any Transferred Asset or Assumed Liability or any claim or action that relates to occurrences involving the Spinco Transferred Assets, the SpinCo Companies or the SpinCo Business prior to the Distribution Date; provided that Spinco SpinCo shall reimburse Parent GPC Companies for any reasonable out-of-pocket expenses (including fees and expenses of attorneys, accountants and other agents or representatives) incurred by Parent GPC Companies in connection with any such defense, claim or action. Spinco SpinCo agrees to treat and hold as confidential all information provided or otherwise made available to it or any of its Representatives under this Section 5.02 in accordance with the provisions of Section 5.04(a); provided, further, that if any applicable privilege or the terms and conditions of any confidentiality or similar agreement restrict the GPC Companies’ ability to make any such information available to SpinCo or its Representatives, the Parties shall use their reasonable best efforts to cause such information to be provided in a manner that would not jeopardize such privilege or violate such agreement.

Appears in 1 contract

Samples: Separation Agreement (Essendant Inc)

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Access to Information; Cooperation. (a) Except as may be necessary to comply with any Applicable Laws (including the NISPOM or any Export Control Laws) and subject to (x) any applicable privileges (including the attorney-client privilege), (y) this Section 5.02 and (z) the terms and conditions of any confidentiality or similar agreements between Parent GPC or any of its Subsidiaries and a third party, including customers, vendors and subcontractorsdistributors, from and after the Distribution Date, Parent GPC shall, and shall cause the other Parent GPC Companies to: (i) %4. afford Spinco SpinCo and its Representatives reasonable access upon reasonable prior notice during normal business hours, to all employees, offices, properties, agreements, Government Contracts, Government Bids, records, books and affairs of Parent GPC Companies, to the extent relating to the conduct of the Spinco SpinCo Business prior to the Distribution Effective Time, and provide copies of such information relating to the SpinCo Companies or the SpinCo Business as Spinco SpinCo may reasonably request for any proper purpose, including in connection with (A) %5. any judicial, quasi-judicial, administrative, audit or arbitration proceeding, (B) %5. the preparation of any financial statements or reports and (C) %5. the defense or pursuit of any claims, allegations or actions that relate to or may relate to any the Transferred Assets, Assumed Liabilities the SpinCo Companies or Indemnified Claimsthe SpinCo Business; and (ii) %4. use reasonable best efforts to cooperate in the defense or pursuit of any Transferred Asset or Assumed Liability or any claim or action that relates to occurrences involving the Spinco Transferred Assets, the SpinCo Companies or the SpinCo Business prior to the Distribution Date; provided that Spinco SpinCo shall reimburse Parent GPC Companies for any reasonable out-of-pocket expenses (including fees and expenses of attorneys, accountants and other agents or representatives) incurred by Parent GPC Companies in connection with any such defense, claim or action. Spinco SpinCo agrees to treat and hold as confidential all information provided or otherwise made available to it or any of its Representatives under this Section 5.02 in accordance with the provisions of Section 5.04(a); provided, further, that if any applicable privilege or the terms and conditions of any confidentiality or similar agreement restrict the GPC Companies’ ability to make any such information available to SpinCo or its Representatives, the Parties shall use their reasonable best efforts to cause such information to be provided in a manner that would not jeopardize such privilege or violate such agreement.

Appears in 1 contract

Samples: Separation Agreement (Genuine Parts Co)

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